Team Digital Ltd - Abbreviated accounts 16.1

Team Digital Ltd - Abbreviated accounts 16.1

TEAM DIGITAL LTD. - Company Information

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REGISTERED NUMBER: 05013503 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

Team Digital Ltd

Team Digital Ltd (Registered number: 05013503)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Team Digital Ltd

Company Information
for the Year Ended 31 January 2016







DIRECTOR: D Hewson





SECRETARY: Mrs H Hewson





REGISTERED OFFICE: K38 The Avenues
11th Avenue North
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0NJ





REGISTERED NUMBER: 05013503 (England and Wales)





ACCOUNTANTS: Pullan Barnes
Chartered Accountants
49 Front Street
Framwellgate Moor
Durham
Co. Durham
DH1 5BL
Page 1
Team Digital Ltd (Registered number: 05013503)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 89,073 19,364

CURRENT ASSETS
Debtors 81,097 78,213
Cash at bank 25,008 27,427
106,105 105,640
CREDITORS
Amounts falling due within one year 52,468 57,173
NET CURRENT ASSETS 53,637 48,467
TOTAL ASSETS LESS CURRENT
LIABILITIES
142,710
67,831

CREDITORS
Amounts falling due after more than one year 53,625 -
NET ASSETS 89,085 67,831

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 89,084 67,830
SHAREHOLDERS' FUNDS 89,085 67,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 28 October 2016 and were signed by:





D Hewson - Director


The notes form part of these abbreviated accounts

Page 2
Team Digital Ltd (Registered number: 05013503)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 75,675
Additions 91,874
At 31 January 2016 167,549
DEPRECIATION
At 1 February 2015 56,311
Charge for year 22,165
At 31 January 2016 78,476
NET BOOK VALUE
At 31 January 2016 89,073
At 31 January 2015 19,364

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
1 Ordinary £1 1 1

Page 3